FII FnO Data Analysis for 01 Oct

FII’s bought 5.7 K contract of Index Future worth 232 cores, 8.5 K Long contract were added and 2.7 K short contracts were added by FII’s. Net Open Interest increased by 11.2 K contract , so FII added both long and short in index futures.

Nifty has as expected volatile day , but as per Gann Box it continued trading in Yellow and Green line suggesting range bound volatile move. 7921/7911 have become an important demand zone and on upside 8030/8060 range have become the supply zone, closing above or below this range can quickly give a move on 100+ point. We have 3 trading holidays so try to avoid carrying excessive positions. Nifty is still holding 50 DMA and long term trendline suggesting underlying trend is still bullish.

Nifty Future Sep Open Interest Volume is at 1.57 core with addition of 1.9 lakh in OI with decrease in CoC suggesting short addition.

Total Future & Option trading volume was at 1.97 lakh core with total contract traded at 2.9 lakh. PCR @0.93.